BondBloxx Private Credit CLO ETF Declares $0.2381 Monthly Dividend
The BondBloxx Private Credit CLO ETF (NASDAQ: PCMM) has declared a monthly dividend of $0.2381 per share, representing an annualized yield of approximately 5.75%. The payment is scheduled for September 4 to shareholders on record as of September 1, with the ex-dividend date also set for September 1. The ETF focuses on private credit collateralized loan obligations (CLOs), and its consistent dividend reflects stable income generation in a market where private credit has seen increased activity. The article notes that troubled loans within the private credit sector have reached a decade high, indicating growing risk exposure but also highlighting demand for alternative financing solutions. Jane Street is reportedly considering restructuring public debt through private credit deals, signaling broader interest and potential shifts in capital allocation strategies.
Topics: CLOs dividend yield ETF private credit